Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Drops By 44.3%

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 38,900 shares, a drop of 44.3% from the December 31st total of 69,900 shares. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is currently 0.3 days.

US Treasury 6 Month Bill ETF Stock Performance

XBIL opened at $50.18 on Friday. US Treasury 6 Month Bill ETF has a 52 week low of $49.83 and a 52 week high of $50.21. The stock’s fifty day moving average is $50.11 and its two-hundred day moving average is $50.09.

US Treasury 6 Month Bill ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a $0.1796 dividend. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 49 Wealth Management LLC increased its holdings in shares of US Treasury 6 Month Bill ETF by 14.4% in the 3rd quarter. 49 Wealth Management LLC now owns 188,672 shares of the company’s stock valued at $9,471,000 after acquiring an additional 23,792 shares during the period. Janney Montgomery Scott LLC grew its stake in US Treasury 6 Month Bill ETF by 82.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock worth $4,438,000 after buying an additional 40,123 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new position in US Treasury 6 Month Bill ETF during the 3rd quarter worth $828,000.

US Treasury 6 Month Bill ETF Company Profile

The US Treasury 6 Month Bill ETF (XBIL) is an exchange-traded fund that is based on the ICE BofA US 6-Month Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 6-month US Treasury Bill. The fund is designed for those specifically required to track the 6-month tenor on the yield curve.